Xerox blames 'fully or partially shut' markets for Q2 revenues and profits plummeting
Print vendor says ongoing COVID-19 crisis has slashed both its top and bottom line
Xerox has seen revenues across all its geographies plummet by double digits, with CEO John Visentin blaming markets being "fully or partially shut down during the quarter". For Q2, the print vendor's revenue totalled $1.47bn (€1.35bn), down 34.6 per cent year on year. In an earnings call transcribed by Seeking Alpha, Visentin called recent months "an extraordinary time in our lives" as he pointed the finger of blame firmly at the COVID-19 pandemic. "It was not easy to deliver profitable...
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